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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Monroe Township at 426C Redding Ln, Monroe Township, NJ, 08831 generates $2,904/mo in rent and, after a $1,346/mo payment, leaves $436/mo in cash flow. Total monthly income is $2,904/mo, and annual cash flow is $5,230/yr on $91,163 invested. Return on cash invested sits at 25.65% in year one, and rental yield is 12.67% on a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 137.27% and total cumulative return in cash sums $125,135. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,904/mo property income rather than buyer’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
$508 monthly HOA
Neighborhood data shown for ZIP Code: 08831, Monroe Township, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,207 (100%) |
| Owner Occupied HU | 21,489 (85.3%) |
| Renter Occupied HU | 2,452 ( 9.7%) |
| Vacant Housing Units | 1,266 ( 5.0%) |
| Median Home Value | $593,087 |
| Average Home Value | $608,854 |
Residential
25,711
Single Family
24,808
Multi-Family
903
Businesses
1,026
Date | Event | Price |
|---|---|---|
| 2024-10-08 | Listed for sale | $275,000 |
| 2011-08-27 | Listing removed | $1,100 |
| 2011-08-10 | Listed for sale | $1,100 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $1737.56 | 1.67% | $67,900 | N/A |
| 2022-10-16 | $1709.04 | 0.48% | $67,900 | N/A |
| 2021-10-16 | $1700.90 | N/A | $67,900 | N/A |
Listed by: Erin Ben-hayon • Coldwell Banker Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3928379
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
